XRP is becoming a major digital currency of interest, with general AI chatbots like Elon Musk’s Grok AI predicting a bullish close for the coin by the end of 2024.
Predicting the price of digital currencies is a tricky game, one that is mostly based on speculations. Seeking insights from advanced Large Language Model (LLM) chatbots adds a level of intrigue that might give investors an idea of what the future might hold in store for the coin under review.
Though relatively newer than its counterparts, Grok AI is one of the most versatile AI chatbots around today. Its capabilities were put to the test with predictions on the potential price of XRP by the end of 2024.
How High and Low Can XRP Get
According to Grok AI, XRP could soar as high as $1 and $1.5 by the end of the year. The chatbot took reference from the current price of XRP pegged at $0.55 and the potential positive settlement of the last concerns in the Ripple Labs versus SEC lawsuit later this year.
The Grok AI is also optimistic that this bullish forecast can be attained if financial institutions adopt the coin more. Since Ripple Labs’ cross-border solutions feature XRP as the de-facto settlement coin, the digital currency can find intense use cases and demand if Ripple’s business grows worldwide.
While the optimism for an XRP surge is high, Grok AI also shared a potential bearish projection which might see the coin drop in between the $0.3 and $0.5 price range.
At the time of writing, XRP’s market price and capitalization came in at $0.5083 and $27.61 billion, down by 4.19% in the past 24 hours. The trading volume has, however, inked some gains, jumping by more than 77% to $1,318,423,425.
XRP Optimistic Projections
Besides Grok AI, other chatbots like ChatGPT and Google Bard are also bullish on XRP price, with significant upsides projected by both.
To complement this, Market analyst XRP_Shark has hinted at plans to begin accumulating XRP when the price hits the $0.35 and $0.45 range, a level he believes will form the bottom of this current bearish downturn.
Whether or not these projections will play out as showcased remains uncertain. At the moment, investors should approach the market with proper risk management strategies to prevent any form of unwanted capital loss.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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